WARNING! Impending Investigation–MICHAEL OPPENHEIM and J.P. MORGAN SECURITIES
Michael Oppenheim and J.P. Morgan Securities
Have you lost money with financial advisor Michael Oppenheim from New York? We are investigating allegations made by the U.S. Attorney for the Southern District of New York, who charged Michael Oppenheim with wire fraud, embezzlement, and securities fraud on April 15, 2015. Oppenheim is accused of stealing $20 million from his clients, many of which held accounts with J.P. Morgan Securities, formerly known as Chase Investment Services.
Michael Oppenheim represented to some clients that he would invest their funds in low-risk municipal bonds. Instead, he used the money for personal expenses, including a home loan. It was alleged that Oppenheimer sometimes just withdrew money from the customer’s account without their knowledge or authorization. The alleged scheme took place between March 2011 and March 2015. Oppenheim’s criminal complaint was filed in the Southern District of New York in Manhattan, case number 15-mj-1255.
Michael Oppenheim was a financial advisor and registered representative of J.P. Morgan Securities from October 2012 to March 2015, and with Chase Investment Services from 2004 to October 2012. He worked at a branch office in New York City. He was arrested at his home in Livingston, New Jersey on April 16, 2015.
Brokerage firms like J.P. Morgan Securities and Chase Investment Services have a responsibility to adequately supervise all representatives who are registered through their firm. Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies. When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.
Our attorneys have represented over one thousand investors who have been defrauded by their financial advisor or stockbroker. While we have offices in Denver and the Seattle area, we have also previously represented clients throughout New York and Jersey, and we have previously represented clients against Chase Investment Services. If you have lost money with Michael Oppenheim, J.P. Morgan Securities, or Chase Investment Services, and want to hear about ALL legal options, please visit https://www.israelsneuman.com and go to our CONTACT page or call us at 720-599-3505.
Click to view: Oppenheim Criminal Complaint
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